Hipmunk Raises $15 Million As They Prepare To Expand Internationally
Hipmunk is a travel website that is known for “taking the agony out of travel planning.” Hipmunk has raised $15 million in a second round of funding. The funding will allow the Hipmunk team to double their employee count to 32 in the next six months.
Hipmunk displays search results visually instead of showing a list of flights, users can easily scan flights by price, duration, departure, and arrival time in a grid format. Users can sort by “agony,” which combines price, # of stops, and duration.
Hipmunk’s mobile app has been downloaded over one million times. Hipmunk also recently launched a hotel service as well.
“We want to be the de facto travel tool,” stated Hipmunk CEO and co-founder Adam Goldstein. “We have a great user interface that helps people find the best options, but we knew our ability to ramp would be easier with additional funding. The fact is that now, instead of building one thing at a time, we can build multiple things at once.”
Hipmunk’s second round of funding was led by Institutional Venture Partners (IVP). Investors from Hipmunk’s first round of funding including angels and Ignition Partners also participated in this round of funding.
IVP General Partner Todd Chaffee will be joining Hipmunk’s board of directors. Hipmunk earns a commission from websites like Orbitz and Expedia.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry